Nintendo president Satoru Iwata has commented on the dire results that the company posted during its earnings call earlier today. Iwata remained bullish with reporters and said that he still believes the struggling Wii U console has a chance this holiday season with Wii Party U, Wii Fit U, and Super Mario 3D World. Iwata says that if things don’t turn around this Christmas then Nintendo executives would review the situation to decide what to do about the failing console.
President Satoru Iwata said that the success of Nintendo’s newest console and the future direction of the firm were riding on the performance of a slate of new games during the upcoming holiday sales season. Once those results were in, Nintendo executives would review them to decide “what the company needs to do, over the long-term, about its platform,” Mr. Iwata said.
In the past, Mr. Iwata has said doing so could mean death for the company, which relies on the lure of its games to convince players to buy its hardware. On Wednesday, Mr. Iwata’s stance appeared to have softened, although he still maintained that the company’s fortunes could turn around with upcoming releases of key titles such as “Super Mario 3D World,” “Wii Party U,” and “Wii Fit U.”
“One game has the power to change everything,” Mr. Iwata said, smiling often during the meeting with reporters, which lasted almost an hour beyond the initially scheduled 30 minutes. ”Are we satisfied with these sales results? No. Is it impossible to recover from this? No.” Mr. Iwata, who has said he is committed to the operating-profit target, put on a brave face, telling reporters that that target was still achievable
Thanks, Kevin M